Dharmaj Crop Guard Limited reported a consolidated net profit of ₹381.10 million for the quarter ended June 30, 2026, marking a 17% year-on-year increase from ₹325.87 million in Q1FY25. The financial performance was bolstered by improved operational leverage, as profitability expanded significantly faster than the 4% growth in consolidated revenue from operations, which reached ₹3,823.75 million. Concurrently, the Board of Directors appointed Mrs. Megha Joshi as an Additional Non-Executive Independent Director, effective August 08, 2026, while accepting the resignation of Mrs. Amisha Shah due to other professional commitments.

The results were approved by the Board on August 07, 2026, pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Statutory auditors MSK A & Associates LLP issued a limited review report on both standalone and consolidated financial results, confirming compliance with Ind AS 34. The appointment of Ms. Joshi is subject to shareholder approval at the ensuing Annual General Meeting, following a recommendation from the Nomination and Remuneration Committee.

Financial Performance

Consolidated profit before tax rose to ₹509.94 million from ₹437.27 million in the corresponding period of the previous year. Total expenses for the consolidated entity amounted to ₹3,325.13 million, primarily driven by cost of material consumed at ₹2,361.11 million and purchase of stock-in-trade at ₹623.90 million. Finance costs decreased to ₹26.83 million from ₹31.17 million in Q1FY25, contributing to the higher bottom line. Standalone net profit stood at ₹380.52 million, compared to ₹325.92 million in Q1FY25.

Board Composition Changes

Mrs. Megha Joshi (DIN: 11851257) has been appointed as an Additional Director designated as a Non-Executive Independent Director for a term of five consecutive years, ending August 07, 2031. A qualified Chartered Accountant, Ms. Joshi holds a Bachelor of Commerce degree from The Maharaja Sayajirao University of Baroda and possesses over 16 years of experience in banking, credit appraisal, and corporate finance. Since September 2025, she has been practising as the Proprietor of Megha Joshi & Co., providing consultancy services in funding and credit appraisal. Previously, she served with State Bank of India from 2010 to September 2025, holding positions including Credit Analyst and Vice President. In 2022, she received the Best Credit Analyst Award from the Managing Director of SBI. She brings sectoral expertise across Banking, Infrastructure, Pharmaceuticals, and Power.

Concurrently, Mrs. Amisha Shah (DIN: 09411332) resigned as Independent Director with effect from the close of business hours on August 07, 2026. She confirmed that there are no material reasons for her resignation other than other professional commitments. Consequently, she ceased to be a member of the Nomination and Remuneration Committee. The Audit Committee and Nomination and Remuneration Committee have been reconstituted to include Ms. Joshi. Ms. Joshi disclosed that she is not related to any Director or Key Managerial Personnel of the company and is not debarred from holding office by SEBI or any other authority.

What the Numbers Show

The divergence between the 17% rise in net profit and the 4% increase in revenue indicates enhanced operational efficiency during Q1FY26. The reduction in finance costs by ₹4.34 million year-on-year directly supported the expansion in profit before tax. Management noted that the business remains seasonal and subject to weather conditions and cropping patterns. The induction of Ms. Joshi, with her extensive background in credit appraisal and risk management from State Bank of India, strengthens the Board’s oversight capabilities in financial risk assessment.

Dharmaj Crop Guard has reported its Q1 financial results, delivering growth across key metrics on a year-on-year basis. The company posted higher revenue, improved net profit, and expanded EBITDA margins compared to the corresponding period last year.

Q1 Financial Performance

The company's top line grew during the quarter, with revenue rising to 3.84B rupees from 3.67B rupees recorded in the same quarter of the previous year. Net profit also saw a notable improvement, climbing to 380M rupees from 326M rupees year-on-year.

The following table summarises the key financial metrics for Q1:

EBITDA and Margin Expansion

Dharmaj Crop Guard's EBITDA for Q1 stood at 572M rupees, up from 507M rupees in the year-ago period. The EBITDA margin improved to 14.91% from 13.80% on a year-on-year basis, indicating enhanced operational efficiency during the quarter.